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Oil price: recovery predicted - but it’s still ‘one for the brave’

Posted on 26 January 2016

Friday’s oil price rally recommenced overnight in Asia, buoying hopes of a more sustained recovery. International benchmark Brent crude had risen strongly to above $30 a barrel at the end of last week, amid a broader-based market rally prompted by hopes of European Central Bank stimulus.
The worsening cold weather in the US, which saw violent blizzards across the east coast, added to the upward momentum, fuelling the sense that demand for heating oil would increase and pushing the price towards $33………………………………………..Full Article: Source


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